Lake Tahoe Nevada East Shore Weekly Market Statistics

November 27, 2009

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos for the East Shore. I just started tracking condos with homes as of October 28th, 2009 which will be give different results from previous market reports. The reason that I use this segment of the market is that it has the most influence on the general value trends.

The Market Activity Ratio which is the relationship between the Active Listings (Inventory) and Pending Sales (Escrows) is a trend that I track current Buyer Activity. This past week we have seen the Buyer activity stay consistant (15.4% to 15.5%) which is a result of the Acitivity decreasing by 1 and the Pending Sales remaining the same. There was 1 condo sale this past week in the amount of $250,000 which brings the YTD to 119 sales. The decrease the Median and the Average Sale prices down by 2.8% and .6% respectively which are $415,000 and $805,461 respectively. The Nevada side is still seeing a downward trend in pricing but the REO inventory is not as influential as the short sales.